Gray initially formed the public-private partnership deal for McKinney Corporate Center Craig Ranch and helped work on marketing the city to businesses. On Tuesday, city officials said Gray and the City Council met and agreed upon a separation agreement. Terms of the agreement were not immediately known Tuesday.

In a written statement, Mayor Brian Loughmiller said, "We are thankful for Jason's efforts in moving the city forward in key initiatives of the Council and look forward to continuing to move the city forward in a positive direction.

McKinney Economic Development Corp. declined to comment on the impact of Gray's resignation. McKinney city officials did not immediately return interview requests.